Roger Novak Appointed to Executive Committee of National Venture Capital Association Board of Directors

June 3, 2008, Bethesda, MD - Roger Novak, co-founder and general partner of Novak Biddle Venture Partners, has been appointed to the National Venture Capital Association’s (NVCA) Board of Directors Executive Committee. Specifically, Roger will serve as Treasurer and will work closely with the NVCA staff on finance and budget matters. The Executive Committee serves as the leadership of the Board and manages the association’s operational and strategic responsibilities. Roger was appointed to the NVCA board in 2007.

Founded 35 years ago, the NVCA is the premier trade association that represents the U.S. venture capital industry. It is a member-based organization, consisting of venture capital firms that manage pools of risk equity capital dedicated to be invested in high growth, entrepreneurial companies.

NVCA's mission is to foster greater understanding of the importance of venture capital to the U.S. economy, and support entrepreneurial activity and innovation. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members.

About Novak Biddle Venture Partners
Novak Biddle Venture Partners is a leading early stage venture capital firm focused on unique, cutting-edge technology investments in the Eastern United States, as well as targeted opportunities nationwide. With $580 million under management, Novak Biddle operates five venture funds that currently provide equity financing and management assistance to 42 portfolio companies. Novak Biddle continues to seek business situations where the combination of ideas, dollars, experience, and relationships can create long term, sustainable value. A sampling of companies funded by Novak Biddle include: RFID first-mover Matrics, voice over IP trailblazer Telogy, education technology leader Blackboard Inc. and intelligent video surveillance pioneer ObjectVideo. For more information, visit www.novakbiddle.com.